Small businesses often operate as if their sole purpose is to fund the owner’s lifestyle, but the most valuable companies are run with financial rigor. You may be years from wanting to sell, but starting to formalize your operations now will help you predict the...
The value of your business comes down to a single equation: what multiple of your profit is an acquirer willing to pay for your company? profit × multiple = value Most owners believe the best way to improve the value of their company is to make more profit – so, they...
At some point in the lifespan of your business, you are going to want or need to look at cutting costs, whether you’re just starting out or looking towards exit planning. It’s part of running the business, and you certainly shouldn’t feel any shame in doing so. Your...
If you’re wondering what your business might be worth to an acquirer, there is a simple calculation you can use. Let’s call it “The Build vs. Buy Equation”. At some point, every acquirer does the maths and calculates how much it would cost to re-create what you’ve...
Life expectancy is steadily increasing, meaning many Australians can look forward to an extended retirement. Rising life expectancy carries the promise of a long retirement, but for many, retirement can lead to a loss of identity, loneliness, and a lack of purpose. If...
Retirement. Some people think it’s a misnomer. Some people think it’s a finish line. Some people think it’s a magical place and time where dreams turn into reality. The best way I can describe it is as the beginning. We may leave our jobs, but our life keeps going on....
Millions of people around the world—whether business owners, corporate CEOs or assembly line workers—yearn for the day when they will retire. They save their money, make all sorts of plans, and even invest in additional properties, boats, and other things designed to...
7 Website Mistakes That Could Kill Your Business Websites are an important part of running a business. They are a means of attracting new customers and as a business owner they can make your life easier. You can use your website as a platform to connect with...
Preparing yourself and your business for exit or succession is no different whether you are a franchise or not, with one possible exception. Click Here To Read...
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